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Related Party Transactions
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Related Party Transactions

13. Related Party Transactions

 

Paragon and Paruka each beneficially own less than 5% of the Company’s capital stock through their respective holdings of Company Common Stock.

 

Fairmount beneficially owns more than 5% of the Company’s capital, currently has one representative appointed to the Board, and beneficially owns more than 5% of Paragon. Fairmount appointed Paragon’s board of directors and has the contractual right to approve the appointment of any executive officers of Paragon.

 

The following is a summary of related party accounts payable and other current liabilities (in thousands): 

 

   March 31,
2025		   December 31,
2024		 
Paragon reimbursable Option Agreements’ fees  $80   $1,482 
Paragon milestone payments for Option Agreement   
—
    4,000 
Paragon reimbursable other research expenses   627    515 
Paragon reimbursable patent expenses   110    25 
Total  $817   $6,022